Value of the nation’s homes on the decline
ABS expert says housing worth has fallen but is 'consistent with recent softening in housing market conditions'.
THE total value of Australia’s residential housing has fallen for the first time in four years, reflecting the nationwide property downturn.
According to the Australian Bureau of Statistics, total housing values fell $34.1 billion, or 0.3 per cent, to $12.7 trillion in the June quarter 2026.
“The value of dwelling stock fell for the first time since the September quarter 2022,” said Mish Tan, ABS head of finance statistics.
“The quarterly fall was driven by lower property prices, with the mean dwelling price falling by 0.7 per cent to $1.1 million.
“This is consistent with recent softening in housing market conditions.”
In the June quarter, the mean price of dwellings fell in NSW (-2.4 per cent or -$32,700), Victoria (-2.1 per cent or -$19,600) and the Australian Capital Territory (-1.3 per cent or -$13,300) and rose in all other states and territories.
Despite this quarter’s fall, the value of Australia’s dwelling stock is 8.5 per cent higher than a year ago.
